Excellon resumes drill program at La Platosa

2014-06-25 07:08 ET - News Release

Mr. John Sullivan reports

EXCELLON RESUMES DRILLING AT LA PLATOSA

Excellon Resources Inc. has resumed diamond drilling at its 100-per-cent-owned La Platosa mine located in Durango state, Mexico.

Highlights of the continuing exploration program include:

A 10,000-metre diamond drill program has also been approved for the remainder of the year and commenced last week. Drilling will focus on manto targets developed by the seismic survey and otherwise by company geologists during recent months, and on the Rincon del Caido discovery made in 2012, one kilometre northwest of the La Platosa mine. Significant potential remains for further new manto discoveries as the deposit is open to the north, northeast, east and southeast of the known mantos.

The company believes that the Rincon discovery is on the edge of the source of the Platosa carbonate replacement deposit system and may also be related to the Platosa mantos. To date, Excellon has drilled 13 significant intersections in the Rincon-Mantos corridor northwest of the La Platosa mine.

                       RINCON-MANTOS CORRIDOR INTERSECTIONS

DDH         Interval   Interval   Interval     Silver    Lead     Zinc      Gold
No.         from (m)     to (m)  width (m)      (g/t)     (%)      (%)     (g/t)

LP1019        516.70     572.16      55.46        132    3.13     1.74     0.075
incl.         546.83     549.80       2.97        236    7.18     5.46     0.146
and           562.73     566.00       3.27        264   10.41     7.59     0.041
LP1023A       513.00     515.00       2.00        610    3.08     0.11     0.571
and           525.65     569.05      43.40        146    2.76     1.85     0.216
incl.         530.60     536.40       5.80        381   10.63    11.51     0.354
LP1030        498.90     509.23      10.33        185    5.22     5.58     0.478
and           579.27     581.02       1.75        444    8.81     5.97     0.067
and           590.04     596.72       6.68        409   10.23     8.37     0.114
LP1038        491.80     499.05       7.25         21    0.74     3.57    13.066
incl.         497.10     499.05       1.95         72    2.40    11.74    39.430
 

Qualified persons

John Sullivan, vice-president, exploration, is responsible for the company's exploration programs and has supervised the preparation of the technical information, which is disclosed in this press release. He has acted as the qualified person, as defined in National Instrument 43-101, for this disclosure.